Ovintiv Inc

For the period ended Mar 31, 2024. Filed May 7, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 7, 2024

OVV$60.50-0.0%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Statement of Earnings

Condensed Consolidated State ment of Earnings(unaudited)

	Three Months Ended
	March 31,
(US$ millions, except per share amounts) · 2024 · 2023
Revenues · (Note 3)
Product and service revenues		(Note 4)		$2,387		$2,592
Gains (losses) on risk management, net		(Note 20)		(54)		(58)
Sublease revenues		(Note 11)		19		17
Total Revenues				2,352		2,551
Operating Expenses		(Note 3)
Production, mineral and other taxes				83		84
Transportation and processing				419		455
Operating	(Notes 17, 18)		243		206
Purchased product				440		701
Depreciation, depletion and amortization				566		364
Accretion of asset retirement obligation				5		5
Administrative	(Notes 17, 18)		102		58
Total Operating Expenses				1,858		1,873
Operating Income (Loss)				494		678
Other (Income) Expenses
Interest		(Note 5)		98		71
Foreign exchange (gain) loss, net		(Note 6)		(28)		(3)
Other (gains) losses, net	(Note 18)		(4)		(3)
Total Other (Income) Expenses				66		65
Net Earnings (Loss) Before Income Tax				428		613
Income tax expense (recovery)		(Note 7)		90		126
Net Earnings (Loss)				$338		$487
Net Earnings (Loss) per Share of Common Stock		(Note 14)
Basic				$1.25		$1.99
Diluted				1.24		1.97
Weighted Average Shares of Common Stock Outstanding (millions)	(Note 14)
Basic				269.7		244.3
Diluted				272.3		247.7

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.